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LGES wins deal to supply LFP batteries for Renault’s EVs

SEOUL, LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it has signed a deal to supply lithium iron phosphate (LFP) batteries for Renault S.A.’s electric vehicles.

Under the five-year contract through 2030, LGES will…

Kia’s Sorento top-selling car in S. Korea

SEOUL, Kia’s Sorento SUV was the top-selling car in South Korea during the first half of 2024, according to industry data Tuesday.

According to auto industry sales data, Sorento sold 49,588 units during the January-June period. Kia’s Carnival miniva…

S. Korean Bond Yields on morning of July 2, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.285 3.309 -2.4

2-year TB 3.229 3.263 -3.4

3-year TB 3.180 3.210 -3.0

10-year TB 3.315 3.312 +0.3

2-year MSB 3.227 3.266 -3.9

3-year CB (AA-) 3.647 3.681 -3.4

Source: Yonhap News Agency